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Last year’s $813-million loss compared to net earnings of $16-million in 2012

“This change was primarily driven by a greater increase in the fair value of the limited partners’ interest in our operating businesses that is recorded as a liability, which resulted in approximately $750-million in increased charges to Onex’ consolidated net earnings,” the company said.

“In addition, the aerostructures segment reported a loss primarily as a result of forward-loss charges on long-term contracts.”

The annual loss attributable to Onex’s publicly traded stock was $3.12, compared with a year-earlier loss of $1.12 per share.

In the fourth quarter, $2.09 per share of earnings from discontinued operations offset 32 cents per share of losses from continuing operations, resulting in an overall $1.77 per share of net earnings.

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